Mortgage Rates

At Mortgage Masters of California, we are dedicated to finding your best home financing solution. We know that each borrower has their own background and goals. That’s why we offer a diverse portfolio of loan products for all types of homebuyers and homeowners who would like to refinance.

Whether you are buying your first home, forever home, investment property, are self-employed, or high net worth, we’ll match you with the mortgage that makes the most sense for your situation.

Mortgage Payment Calculator

The monthly mortgage payment calculator estimates your monthly payment in four categories:

Principal

Interest

Property Taxes

Homeowner
Insurance

Unlike other calculators, the Walton Funding Payment Calculator factors in your fees to give you a more precise payment estimate.

WHAT DO MORTGAGE RATES MEAN?

A mortgage rate is the interest you pay on your home loan. Your monthly mortgage payment includes the interest owed on the loan, plus a portion of the remaining principal balance. A lower rate means lower monthly payments. Even as little as a 1% difference in rates, can save you a significant amount of money.

Mortgage rates are volatile and go up and down every day.

This fluctuation is caused by a combination of forces, including:

Your
Principal

When the economy is strong, rates often go up. During a weak economy, rates go down. Lenders also analyze economic data to try to forecast potential economic growth and slow down, and set rates accordingly.

Federal Reserve Activity And Inflation

To keep inflation in check, the Federal Reserve controls the amount of money flowing through the economy by raising and lowering interest rates, and inserting more cash when necessary by buying Treasury bonds. This, in turn, lowers interest rates and promotes economic activity.

World
Events

Economies become volatile during a crisis and other such events happening domestically and/or internationally. This impacts investor confidence and changes in interest rates.
The rate you’ll be offered on your loan depends on the factors above, as well as your financial situation. This includes your credit score, loan amount, terms, area of your home purchase, and how much money you’ll put down. All of these are considerations in determining your mortgage rate and whether it will be on the higher or lower end.
Refinancing is also impacted by mortgage rates. The best time to refinance is when there is a big gap between your current mortgage rate and the current market rates, which is when a refinance can save you a lot of money.
Even if you were previously denied a loan, didn’t qualify, or weren’t happy with the terms you were offered earlier, contact us today to put you back on track with a loan you’ll like.